The Recycled Polyethylene Terephthalate Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
Learn More On The Recycled Polyethylene Terephthalate Market:
https://www.thebusinessresearchcompany.com/report/recycled-polyethylene-terephthalate-global-market-report
In accordance with The Business Research Company’s comprehensive Recycled Polyethylene Terephthalate Global Market Report for 2024, the recycled polyethylene terephthalate (rPET) sector has demonstrated robust growth in recent times. It is poised to escalate from $9.89 billion in 2024 to an estimated $10.84 billion in the same year, boasting a noteworthy Compound Annual Growth Rate (CAGR) of 9.6%. This surge during the historical period can be ascribed to an escalating demand for sustainable and recycled plastics, an upswing in the beverage and food packaging sectors, the expansion of PET recycling infrastructure, advancements in rPET manufacturing processes, and the implementation of regulatory standards for plastic recycling.
Forecasts indicate that the recycled polyethylene terephthalate market is on track for continued expansion, projected to reach a substantial $15.6 billion by 2028, maintaining a CAGR of 9.5%. Anticipated growth drivers in the forecast period encompass tailored rPET solutions designed for specific product applications, the integration of rPET in 3D printing and additive manufacturing, the adoption of sustainable and circular economy practices in rPET production, the burgeoning automotive sector’s reliance on rPET components, and the increasing adoption of rPET in cosmetics and personal care packaging.
The increase in demand for sustainable packaging solutions is driving the growth of the recycled polyethylene terephthalate market. According to Placon, the leading designer and manufacturer of plastic thermoforming and injection-molded packaging, the coming decade will see the collection of post-consumer beverage bottles reach close to 100%. Recycling is critical to a sustainable future as it delivers fewer greenhouse gases and generates less waste. Global brands are including more and more recycled content in their packaging to meet consumer demands. The most popular and widely used brands, like Coca-Cola, PepsiCo, Unilever, Danone, and Nestle, have all made commitments to include up to 100% recycled plastic in their packaging. These companies recognize the value of PET, not just from an economical standpoint but also from a holistic sustainability standpoint. Major FMCG (fast-moving consumer goods) brands such as PepsiCo, Nestle, Coca-Cola, Mars, and Unilever are challenging their suppliers to achieve the target of 100% compostable, reusable, and recyclable packaging by 2025.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=6005&type=smp
The recycled polyethylene terephthalate market covered in this report is segmented –
1) By Product: Clear, Colored
2) By Application: Fiber, Sheet and Film, Strapping, Food & Beverage Containers and Bottles, Non-Food Containers and Bottles
3) By End-Use Industry: Packaging, Electrical & Electronics, Automotive, Construction
Top 5 Major Players:
- Placon Corporation
- Antares Chem Private Limited
- BariQ Ltd
- Clear Path Recycling LLC
- Evergreen Plastic Container Inc
Major trends anticipated in the forecast period involve stringent adherence to regulatory compliance in rPET safety and recycling standards, the emergence of smart and traceable rPET products, the provision of personalized rPET solutions for both brands and consumers, a heightened focus on transparency in rPET material sourcing and supply chains, and the incorporation of Artificial Intelligence (AI) for enhanced quality control in rPET production.
One of the key trends gaining traction in the recycled polyethylene terephthalate market is the surge in technological advancements. Notable developments, such as PET and the XTREME Renew process, are indicative of the sector’s commitment to innovative recycling and recovery techniques. These technologies hold significant economic value by transforming post-use and challenging-to-recycle plastics into their original building blocks. These blocks can be seamlessly reintegrated into supply chains, serving as feedstocks for new plastics, chemicals, and environmentally-friendly transportation fuels. The advanced recycling methods exhibit remarkable capabilities in handling impurities, contamination, mixed polymers, low-quality, and low-density plastics. In addition to utilizing PET waste from various streams, manufacturers are incorporating revolutionary technologies, like LiquiGlide, to mitigate friction and enhance the flow of thick, slow-moving liquids. Colgate’s adoption of LiquiGlide technology in their new clear PET toothpaste container in 2021 stands as a testament to the industry’s commitment to cutting-edge solutions and sustainable practices.
Among the notable technologies making waves is LiquiGlide, introduced in 2021. This groundbreaking technology, adept at removing friction, facilitates the smooth flow of thick, slow-moving liquids. A prime example of its application is evident in Colgate’s new clear PET toothpaste container, showcasing the industry’s commitment to technological innovation and sustainability.
The recycled polyethylene terephthalate market report table of contents includes:
1. Executive Summary
2. Recycled Polyethylene Market Characteristics
3. Recycled Polyethylene Market Trends And Strategies
4. Recycled Polyethylene Market – Macro Economic Scenario
5. Global Recycled Polyethylene Market Size and Growth
…..
31. Global Recycled Polyethylene Market Competitive Benchmarking
32. Global Recycled Polyethylene Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Recycled Polyethylene Market
34. Recycled Polyethylene Market Future Outlook and Potential Analysis
35. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Recycled Polyethylene Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Recycled Polyethylene Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Recycled Polyethylene Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…
Table 74: Placon Corporation Financial Performance
Table 75: Antares Chem Private Limited Financial Performance
Table 76: BariQ Ltd. Financial Performance
Table 77: Clear Path Recycling LLC Financial Performance
Table 78: Evergreen Plastic Container Inc Financial Performance
Related Reports:
https://topprnews.com/land-mobile-radio-market-report/
https://topprnews.com/laptop-stands-market-share/
https://topprnews.com/laser-processing-market-share/
https://goodprnews.com/land-mobile-radio-market-report/
https://goodprnews.com/laptop-stands-market-report/
https://goodprnews.com/laser-processing-market-share/
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
